Here Are Selected Data for Ansel Corporation - What Is the Finished Goods Ending Inventory?
A)$ 93,500

question 115

Multiple Choice

Here are selected data for Ansel Corporation: $\begin{array}{|l|r|l|r}\hline \text { Beginning raw materials inventory } & \$ 37,000 & \text { Beginning work in process inventory } & 61,500 \\\hline \text { Beginning finished goods inventory } & 57,500 & \text { Cost of materials purchased } & 151,000 \\\hline \text { Cost of direct materials requisitioned } & 91,300 & \text { Direct labor incurred } & 127,000 \\\hline \text { Actual manufacturing overhead } & 160,000 & \text { Cost of goods manufactured } & 293,000 \\\hline \text { Cost of goods sold } & 257,000 & \begin{array}{l}\text { Manufacturing overhead rate (\% of direct } \\\text { labor) }\end{array} & 120 \%\\\hline\end{array}$


- What is the finished goods ending inventory?

• A)$ 93,500
• B)$293,000
• C)$ 78,500
• D)$492,500

---

Definitions:

Trade Restrictions

Government-imposed limitations on the free exchange of goods and services between countries, such as tariffs, quotas, and embargoes.

Economic

Relating to the economy or the study of how societies use resources to produce and distribute goods and services.

Degree of Rivalry

The intensity of competition among existing competitors in a market.

Threat of New Entrants

The potential risk posed by the possibility of new companies entering a market, which can impact the competitive environment and profitability for existing players.